JPMorgan Chase & Co. Cuts Qualys (NASDAQ:QLYS) Price Target to $87.00

Qualys (NASDAQ:QLYS) had its price objective lowered by JPMorgan Chase & Co. from $113.00 to $87.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an underweight rating on the software maker’s stock.

Several other equities research analysts also recently weighed in on QLYS. Canaccord Genuity Group lowered their price target on Qualys from $150.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial decreased their price target on shares of Qualys from $120.00 to $85.00 and set a “hold” rating for the company in a report on Friday, April 24th. DA Davidson decreased their price target on shares of Qualys from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Wall Street Zen lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings downgraded Qualys from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $122.14.

Qualys Trading Down 0.7%

QLYS opened at $94.28 on Wednesday. Qualys has a 12-month low of $74.51 and a 12-month high of $155.47. The business’s fifty day simple moving average is $90.24 and its 200-day simple moving average is $117.56. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 16.93 and a beta of 0.58.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, May 5th. The software maker reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.14. Qualys had a return on equity of 37.15% and a net margin of 29.41%.The company had revenue of $175.64 million for the quarter, compared to the consensus estimate of $173.63 million. During the same quarter last year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Qualys has set its FY 2026 guidance at 7.440-7.650 EPS and its Q2 2026 guidance at 1.730-1.800 EPS. On average, equities research analysts predict that Qualys will post 5.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QLYS. NewEdge Advisors LLC increased its position in shares of Qualys by 3,948.0% in the first quarter. NewEdge Advisors LLC now owns 2,024 shares of the software maker’s stock valued at $255,000 after buying an additional 1,974 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Qualys in the second quarter valued at approximately $292,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Qualys by 3,218.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 531 shares of the software maker’s stock valued at $76,000 after buying an additional 515 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Qualys by 482.0% in the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the software maker’s stock valued at $92,000 after buying an additional 535 shares in the last quarter. Finally, Amundi increased its position in shares of Qualys by 47.1% in the second quarter. Amundi now owns 21,365 shares of the software maker’s stock valued at $3,076,000 after buying an additional 6,844 shares in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

About Qualys

Qualys, Inc (NASDAQ: QLYS) is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company’s flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.